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Jumanji Inc. operates in a perfect capital market. The company is all equity financed and has a current valuation of $750 million. There are 12 million common shares outstanding and they have never paid a dividend to shareholders. Today the company announced it would pay a dividend of $2 per share. What will be the price of the company's common shares after the announcement? A) $48.00 B) $50.00 C) $52.00 D) $54.00 E) $56.00
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